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Guideline Value

Corporate

Guideline Value for COLLECTORATE COLONY V TH CROSS STREET

₹6600/sq.ft.

The guideline value for Collectorate Colony V Th Cross Street in Arumbakkam village (Kodambakkam SRO, Chennai zone) is Rs 6600 per sq.ft, effective 1 July 2024. It was Rs 6000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Arumbakkam

Village

Kodambakkam

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹6600 /sq.ft.
From 1-4-2023 ₹6000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹4020 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹6000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1350 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.
044-24843265
[email protected]

DRO (District Registrar Office)

No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai - 600 014.
044-28613607
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Collectorate Colony V Th Cross Street

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Collectorate Colony V Th Cross Street guideline value

The current guideline value of Collectorate Colony V Th Cross Street is Rs 6,600 per sq.ft, effective from 1 July 2024. This street is located in Arumbakkam village, under the Kodambakkam SRO, and is classified as Residential Special Type - I.

How the guideline value of Collectorate Colony V Th Cross Street has changed

The guideline value for Collectorate Colony V Th Cross Street has undergone several revisions over the years. In 2007, the value was Rs 1,350 per sq.ft, which increased significantly to Rs 6,000 per sq.ft in 2012. However, this value decreased to Rs 4,020 per sq.ft in 2017. Following this, the value rose to Rs 6,000 per sq.ft in 2023, and has now been revised to Rs 6,600 per sq.ft in 2024, marking a 10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 389%. The register does not contain figures for the years 2002 and 2003 for this street.

Guideline values in Arumbakkam

In Arumbakkam, there are 391 streets under the Kodambakkam SRO that carry a 2024 guideline value ranging from Rs 3,300 to Rs 16,500 per sq.ft, with a median value of Rs 6,000 per sq.ft. The guideline value for Collectorate Colony V Th Cross Street is above this median.

Stamp duty and registration fee for property in Collectorate Colony V Th Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 6,600 per sq.ft, the total guideline value would be Rs 66,00,000. The stamp duty at 7% would amount to Rs 4,62,000, and the registration fee at 2% would be Rs 1,32,000. Together, the total cost for these fees would be Rs 5,94,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Collectorate Colony V Th Cross Street?

The Sub Registrar Office that covers Collectorate Colony V Th Cross Street is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Arumbakkam

When buying or selling property in Arumbakkam, the guideline value is a critical factor in determining the stamp duty and registration fees. The guideline value serves as a benchmark for the property’s value and is used by the registration department to calculate the applicable fees based on the higher of the guideline value or the sale price.

It is essential for buyers and sellers to be aware of the current guideline value to ensure they are prepared for the financial implications during the registration process. Proper understanding of the guideline value can help in making informed decisions during property transactions.

Frequently asked questions

What is the current guideline value of Collectorate Colony V Th Cross Street?

The current guideline value of Collectorate Colony V Th Cross Street is Rs 6,600 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has seen various changes, increasing from Rs 1,350 per sq.ft in 2007 to Rs 6,600 per sq.ft in 2024, marking an overall increase of 389% over this period.

What was the guideline value in 2023?

In 2023, the guideline value for Collectorate Colony V Th Cross Street was Rs 6,000 per sq.ft.

What is the registration office for Collectorate Colony V Th Cross Street?

The registration office for Collectorate Colony V Th Cross Street is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

How is the stamp duty calculated for properties in Collectorate Colony V Th Cross Street?

The stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a property with a guideline value of Rs 66,00,000 would incur a stamp duty of Rs 4,62,000.